The chances of NewAge’s Etinde gas and condensate project offshore Cameroon being sanctioned in 2022 have diminished as talks about an alternative gas and condensate export scheme commence.

Coming up with a viable development plan for Etinde has always been tough for the partners — which include London-listed Bowleven, Russia’s Lukoil and state-owned SNH — partly due to the marginal nature of its discoveries and their complex geology.